Source
Central bank

Central Bank of Iraq

International Reserves

USD 51.1 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 173.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 612.3 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.6% 1.9% 8.2% 3.4% 6.4% 7.6% 13.9%
2013 2014 2015* 2016* 2017*    
7.6% -0.5% -2.4% 10.3% 0.5%    

*Estimate

GDP per capita - current prices

USD 4,692.1 (2017, estimate)

GDP per capita - PPP

Intl$ 16,551.0 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A N/A 0.43% 0.5%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 5.7% 
  • industry: 45.1% 
  • services: 49.3%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015* 2016* 2017*
1.9% 2.2% 1.4% 2.0% 2.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
31.2% 33.5% 61.4% 75.8% 73.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-5.8% -5.6% -13.7% -14.1% -5.1%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies in Iraq

N/A

 
 
Source
Current account balance

US$ 2.483 billion (2014 estimate)

Current account balance by percentage of GDP

1% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

41.6% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.51% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.06% (2012)

(Data were released in 2014)

Total exports

US$ 91.99 billion (2013 estimate) 

Export commodities

crude oil 84%, crude materials excluding fuels, food and live animals

Total imports

US$ 66.610 billion (2013 estimate) 

 
 
Source
Import commodities

food, medicine, manufactures

Exports - major partners

US 21.1%, India 20.2%, China 13.6%, South Korea 11%, Canada 4.7%, Italy 4.4%, Spain 4.2% (2012)

Imports - major partners

Turkey 27.5%, Syria 16.2%, China 12.5%, US 5.2%, South Korea 4.7% (2012)

FDI inflows
2011 2012 2013
US$ 2,082 million US$ 2,376 million US$ 2,852 million
FDI outflows
2011 2012 2013  
US$ 366 million US$ 448 million US$ 538 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 0 million US$ 0 million US$ -14 million US$ 8 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 151 out of 189 countries (2013)

Subcategories:

Starting a business: 169 out of 189 countries

Enforcing Contracts: 142 out of 189 countries

Registering Property: 108 out of 189 countries

Getting credit: 180 out of 189 countries

Protecting investors: 128 out of 189 countries

Trading across border: 179 out of 189 countries

Paying Taxes: 63 out of 189 countries

Dealing with Construction Permits: 20 out of 189 countries

Getting Electricity: 39 out of 189 countries

Resolving Insolvency: 189 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

Index of Economic FreedomWSJ and Heritage Foundation

N/A 

 

 
 
Source
Time zone

UTC+3

Total area

438,317 sq km

Capital

Baghdad

Currency

Iraqi dinars (NID)

Government type

parliamentary democracy

Languages

Arabic (official), Kurdish (official), Turkmen (a Turkish dialect) and Assyrian (Neo-Aramaic) are official in areas where they constitute a majority of the population), Armenian

Religions

Muslim (official) 99% (Shia 60%-65%, Sunni 32%-37%), Christian 0.8%, Hindu <.1, Buddhist <.1, Jewish <.1, folk religion <.1, unafilliated .1, other <.1

Total population
1990 2000 2010 2014* 2019**
N/A N/A 31.672 million 35.871 million 41.503 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
42.9% 66% 68% 69%
Population median age

21.5 years (2014 est.)

Population growth rate

2.23% (2014 est.)

Life expectancy

71.42 years (2014 est.)

Adult literacy

78.5% (2011 estimate)

% of population living on less than $2 a day

21.2% (2012)

Inequality of wealth distribution (Gini index)

29.5 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 5
Civil Liberties: 6 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 5.6%   Mobile 96.1% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

9.20% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

3.7 (2010)

World's Best Developed & Emerging Markets Banks

World's Best Islamic Financial Institutions

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World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

Additional Awards